Accounts filed on 30-06-2015

trueGSC Limited090647742015-06-30-67551-675501-67550-67550-854871073992191210923362173681793717937Basis of accounting The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). The principal activity of the company is exposed to inherent uncertainties and global market fluctuations beyond the control of the management of the company. The company meets its working capital requirements from its day to day activities in this market place and the director considers that the company will continue to operate on this basis and that it is appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments that would result from a downturn in the market in which it operates. The company has taken advantage of the exemption in Financial Reporting Standard number 1 from the requirement to produce a cash flow statement on the grounds that it is a small company. Turnover Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts. Stocks Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Fixed Assets All fixed assets are initially recorded at cost. Fixtures & FittingsMethod for Fixtures & fittings0.0000Motor VehiclesMethod for Motor vehicles0.0000194081940814711471194081940814711471Ordinary1110Ordinary1112016-04-30Mr A Brewertruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureGSC Limited2014-06-022015-06-30GSC Limited2013-07-012014-06-01GSC Limited2013-06-30GSC Limited2014-06-01GSC Limited2014-06-01GSC Limited2015-06-30 2016-06-01